Australia news live: Greens call for 25% gas export tax; house price surge wipes out benefits of three interest rate cuts | Australia news
Greens want 25 percent gas export tax
Krishani Dhanji
The Greens are calling for a 25 percent tax on all gas exports and prioritizing domestic gas supplies as the country faces future gas shortages by 2028.
The small party that recently agreed with the government on EPBC natural law reforms says they will not support new gas fields. They say enough uncontracted gas has been exported abroad to cover future deficits.
The 25 per cent tax would replace the oil resource rent tax, which the Greens said failed to generate “meaningful” revenue from gas exporters due to “huge loopholes”.
Greens senator Steph Hodgins-May He says gas companies have created a “crisis” that Australian households are forced to pay for.
The lies of government and industry are quickly unraveling. We don’t have a gas problem, we have a gas export problem.
If Labor puts forward an option that promotes new gas and gives greater rewards to companies that rip off Australians, they will not have the support of the Greens.
important events
Minister says pay rise provides security for workers and children in their care
Jess Walsh, The Minister of Early Childhood Education said pay increases for early childhood educators were already “paying dividends” and said it was good for both workers and the children in their care.
Walsh told RN Breakfast:
This is a workforce that has been underpaid and undervalued for far too long. When we took office this meant that early educators were leaving the sector in droves. We wanted to see a strong, stable workforce to deliver quality early education, and that’s why we committed to this pay increase. And it pays dividends.
It reduces turnover in the sector. It allows educators to stay in jobs they love. That’s good for them, but it’s also good for the children in their care because a strong, stable workforce is the foundation of quality early education.
He said the government had ensured the sector was strong, adding: “Every child deserves to be safe and parents deserve to know their children are safe.”
Krishani Dhanji
Final phase of early childhood educator salary increase begins
Early childhood educators will receive a 5% pay rise today, the final installment of a 15% pay rise promised by the Labor Party.
The government says the increase will mean educators will receive an extra $160 a week. This comes on top of the Fair Work Commission’s minimum wage increase introduced earlier this year.
The government also released some staff retention data, saying salary increases helped educator numbers grow by 6% by August, while vacancy rates fell by 14% by October. non-profit provider Flying start It says it has reduced the use of hired workers by 70%.
In his statement, the Minister of National Education said, Jason Clare in question:
Our primary educators deserve fair compensation for this work. That’s why we’re implementing this 15 percent salary increase, and the remaining 5 percent will be rolled into early educators’ salary packages starting tomorrow.
We know the pay increase works to attract more people into the industry and help retain the great educators we already have.
This follows Clare’s announcement that mandatory safety training for educators will begin in February next year and will be delivered through early childcare centres. Compulsory education was agreed by state, territory and federal education ministers as part of security reform.
House prices outpaced the benefits of interest rate cuts
Rising house prices are negating the benefits of three rate cuts for new buyers, new data reveals.
AAP House values rose 1% in November, according to reports from across Australia, with the average home value now worth $888,941, property analytics company Cotality said on Monday.
This follows the stunning result in October, when prices rose by 1.1% and 0.8% in September. On a monthly basis, growth in Sydney slowed from 0.7% to 0.5%, while Melbourne fell from 0.9% in October to 0.3% in November.
Meanwhile, medium-sized capitals recovered. Brisbane has become the second Australian city to break the $1 million median house price barrier.
The effect of the 75 basis point cash rate cut since February has already begun to wear off. Cotality research director, Tim Lawless, calculated that the cuts increased the borrowing capacity of an average-income household by $55,000, but home values have increased by $60,000 since then.
The outlook for tenants continues to be that affordability is increasingly deteriorating. Rents are rising in all capital cities; the national rent index has increased by 5 percent in the last 12 months; This is the highest annual growth rate in a year.
Greens want 25 percent gas export tax
Krishani Dhanji
The Greens are calling for a 25 percent tax on all gas exports and prioritizing domestic gas supplies as the country faces future gas shortages by 2028.
The small party that recently agreed with the government on EPBC natural law reforms says they will not support new gas fields. They say enough uncontracted gas has been exported abroad to cover future deficits.
The 25 per cent tax would replace the oil resource rent tax, which the Greens say has failed to generate “meaningful” revenue from gas exporters due to “huge loopholes”.
Greens senator Steph Hodgins-May He says gas companies have created a “crisis” that Australian households are forced to pay for.
The lies of government and industry are quickly unraveling. We don’t have a gas problem, we have a gas export problem.
If Labor puts forward an option that promotes new gas and gives greater rewards to companies that rip off Australians, they will not have the support of the Greens.
Good morning
Good morning, happy December. Another month ends, another season begins. Nick Visser I’m here to get you started on the blog this morning – here’s what happened.
Greens We call for all gas exports to face a 25% tax and for domestic gas supplies to be given new priority. The party, which recently agreed with the Labor government on new federal natural law reforms, has announced that it will not support new gas fields.
According to the latest data, rising house prices have eliminated the benefit of three interest rate cuts to new buyers. The average home value across Australia is currently around $889,000.
The government is encouraging businesses, content creators and AI developers to label content created or modified by AI. Tim AyresThe Minister for Industry and Innovation said the strategy would see “the benefits of innovation without compromising trust”.
Stay with us.
